Ringgit higher against US$ on better demand for ringgit

At 9.16 am (016 Malaysian time), the ringgit stood at 4.1030/1080, versus the US dollar, up 100 basis points, from 4.1130/1160 on Wednesday.

KUALA LUMPUR: The ringgit was higher against the US dollar, in early trading Thursday, on better demand for the local note because the US dollar was under pressure as the United States Federal Reserve was anticipated to put a hold its rate tightening cycle in 2019.

At 9.16 am (016 Malaysian time), the ringgit stood at 4.1030/1080, versus the US dollar, up 100 basis points, from 4.1130/1160 on Wednesday.